Welcome to our dedicated page for Hercules Capital SEC filings (Ticker: HCXY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Hercules Capital filings document a specialty finance issuer with NYSE-listed common stock and 6.25% Notes due 2033 trading under HCXY. The company’s Form 8-K reports cover operating results, financial condition, net asset value estimates, stockholder distributions, executive appointments and material financing agreements, including supplemental indentures for unsecured notes.
Proxy materials describe board matters, executive compensation and annual meeting proposals. The filing record also identifies the company’s capital structure, registered securities, distribution practices, leverage and liquidity disclosures, and the role of Hercules Adviser LLC as a registered investment adviser managing external Adviser Funds.
BADAVAS ROBERT P reported acquisition or exercise transactions in this Form 4 filing.
Hercules Capital director Robert P. Badavas reported updated holdings and a new share grant. He received 3,873 shares of common stock as a restricted stock award at $15.49 per share, issued automatically upon his re-election to the board under the 2026 Non-Employee Director Plan. Following this grant, he directly holds 8,943 shares, and a trust identified as the Robert P. Badavas Trust of 2007 holds 122,073 shares indirectly. The restricted stock is subject to forfeiture, with one-third vesting on each anniversary of the grant over three years.
BADAVAS ROBERT P reported acquisition or exercise transactions in this Form 4 filing.
Hercules Capital director Robert P. Badavas reported an equity award and updated holdings. He received 3,873 shares of restricted common stock on June 18, 2026 at $15.49 per share as an automatic grant upon re-election to the board under the 2026 Non-Employee Director Plan. These shares are subject to forfeiture, with one-third vesting on each anniversary of the grant over three years. After this award, he directly holds 8,943 shares of common stock and indirectly holds 122,073 shares through the Robert P. Badavas Trust of 2007.
BADAVAS ROBERT P reported acquisition or exercise transactions in this Form 4 filing.
Hercules Capital director Robert P. Badavas reported new equity compensation and updated holdings. He received 3,873 shares of restricted common stock at $15.49 per share as an automatic grant upon re-election to the board under the 2026 Non-Employee Director Plan. These restricted shares are subject to forfeiture, with one-third vesting on each anniversary of the grant over three years, and bring his directly held common stock to 8,943 shares. In addition, 122,073 shares of common stock are held indirectly by the Robert P. Badavas Trust of 2007.
BADAVAS ROBERT P reported acquisition or exercise transactions in this Form 4 filing.
Hercules Capital director Robert P. Badavas received a grant of 3,873 shares of common stock as restricted stock. The award was issued automatically upon his re-election to the board under the 2026 Non-Employee Director Plan at a reference price of $15.49 per share.
Following the grant, Badavas holds 8,943 shares directly and 122,073 shares indirectly through the Robert P. Badavas Trust of 2007. The restricted stock is subject to forfeiture, with one-third scheduled to vest on each anniversary of the grant over three years, reflecting routine equity-based director compensation rather than an open-market purchase.
Hercules Capital, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on June 18, 2026. As of April 9, 2026, 187,133,158 shares of common stock were outstanding and entitled to vote.
Stockholders elected Robert P. Badavas as a Class I independent director to serve until 2029, approved on an advisory basis the compensation of named executive officers, and chose a 1-year frequency for future advisory votes on executive pay. They also approved amendments and restatements of the 2018 Equity Incentive Plan and the 2018 Non-Employee Director Plan, and ratified PricewaterhouseCoopers LLP as independent public accountant for the year ending December 31, 2026.
Hercules Capital Chief Financial Officer Seth H. Meyer reported a small tax-related share disposition. On June 9, 2026, 5 shares of common stock were withheld at $15.45 per share to cover taxes upon the vesting of restricted stock. After this routine tax withholding, he directly holds 442,074 shares of Hercules Capital common stock.
Hercules Capital, Inc. Chief Financial Officer Andrew Olson filed an initial ownership report showing his equity stake in the company. He directly holds 30,386 shares of common stock. He also has 25,756 unvested restricted stock units tied to common stock, which will vest over time under the company’s 2018 Amended Equity Incentive Plan.
Footnotes explain that one award of 25,756 unvested restricted shares vests in stages over roughly three years after the first anniversary of the grant date, while another award of 25,756 restricted stock units is scheduled to vest in full on May 15, 2033.
Hercules Capital reported a record first quarter for 2026, combining strong growth with higher shareholder payouts. Total investment income reached $141.5 million, up 18.4% year-over-year, while net investment income rose to $88.1 million, or $0.48 per share, a 13.8% increase.
The Board declared a total Q1 2026 cash distribution of $0.47 per share, made up of a $0.40 base distribution and a $0.07 supplemental distribution, with NII per share providing 120% coverage of the base amount. Net asset value stood at $11.90 per share as of March 31, 2026, and return on average equity was 16.9%.
This 10-Q segment outlines a highly diversified investment portfolio concentrated in private growth companies. Most holdings are debt investments, primarily senior secured loans across industries such as application software, drug discovery and development, healthcare services, system software, space technologies, and sustainable and renewable technology. Many loans use floating rates tied to SOFR or Prime, with contractual floor rates, and often include features like PIK (payment-in-kind) interest and exit fees.
The portfolio also includes convertible debt, unsecured notes, equity positions in common and preferred shares, and a large set of warrants in many of the same borrowers. Additional exposure comes through investment funds and a government money market fund in cash equivalents, as well as foreign currency forward contracts in Great British pounds with Goldman Sachs Bank USA.
Hercules Capital, Inc. is reshaping its executive team to support its next phase of growth. Effective May 18, 2026, longtime Chief Financial Officer Seth Meyer will become President, focusing on scaling, diversification and expansion of the Hercules lending and asset-management platform.
Andrew Olson, a veteran finance executive with prior experience at Hercules and several alternative asset managers, will become Chief Financial Officer and Head of Corporate Development, serving as principal financial and accounting officer. The company highlights Olson’s background in private credit, venture markets and fund management as support for its growth strategy.